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already got chrysler this morning, 10% versus an estimate of 13. dodge up 20, ram up 15. jim, the numbers, they have been good all year, but they haven't been as good in the second half of the year. >> sandy cutler from eaton commented and he still thinks auto motive is very strong. ford, chrysler has done a remarkable job, japan, the japanese company now american companies doing incredibly well. it remains a strong part of the u.s. economy. >> stock the next 1% loop. >> the autos are a real bright spot. i like that gm call yesterday. in technology, we did have a couple of deals. they're merging it with a software company. but it's a pretty nice premium. you always like to see a 30-plus premium after all. >> they have some accounting issues. >> forget it if that's the case. if you say it, i believe it. we should also appoint bmc in the software area.$750 million going to buy back really quickly. by the end of the year, bmc has a lot of activists in that name. it was thought that you actually get a deal. i have spoken with a couple of them near the end of the year. you've
already got chrysler this morning, 10% versus an estimate of 13. dodge up 20, ram up 15. jim, the numbers, they have been good all year, but they haven't been as good in the second half of the year. >> sandy cutler from eaton commented and he still thinks auto motive is very strong. ford, chrysler has done a remarkable job, japan, the japanese company now american companies doing incredibly well. it remains a strong part of the u.s. economy. >> stock the next 1% loop. >> the...
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10/12
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general motors has fined ford and chrysler -- no, not really. that's basically what it would be like. >> selling the properties short. >> i'm okay with this deal. i'm not okay with the book deal we were talking about the other day. >> some gm numbers are expected in about an hour. gm is expected to earn 60 cents a share on revenue of $35.7 billion. gm, don't they have loss -- i mean, if they can't make money at this point, they ought to be able to because i don't think they have to pay taxes again. that's another way we sort of don't get our money out of gm. now we'll be watching facebook. about 230 million shares held by ples became employees became eligible for sale on sunday. >>> equity trading will try to get back to normal today after superstorm sandy forced the new york stock exchange and the nasdaq to wait out the storm and stay close from the last two days. if investors areomin back today, they may be wondering whether there's going to be extra volatility. ira harris joins us right now from the cme group in chicago. what's the sense you
general motors has fined ford and chrysler -- no, not really. that's basically what it would be like. >> selling the properties short. >> i'm okay with this deal. i'm not okay with the book deal we were talking about the other day. >> some gm numbers are expected in about an hour. gm is expected to earn 60 cents a share on revenue of $35.7 billion. gm, don't they have loss -- i mean, if they can't make money at this point, they ought to be able to because i don't think they...
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chrysler's ceo says it's simply not true. he writes on the company's blog, "jeep production will not be moved from the united states to china. jeep assembly lines will remain in operation in the united states and will constitute the backbone of the brand. it sin accurate to suggest anything different." the man who president obama pictured to the czar to save the auto industry is stephen ratner. i asked for a response. stephen, good to see you. how do you respond to this ad? i'm here in ohio where these jeeps are made. they said that what mitt romney has said is wrong. tell me what you know about this. >> i think chrysler and general motors actually responded more forcefully than i have ever seen a company respond in 30 years in the business in terms of the adamancy they expressed. the facts are what he said. it makes good business sense for jeep to begin to produce jeeps in china for the local chinese market. those are jeeps that are not going to really get -- could not be realistically exported from the u.s. they need to be
chrysler's ceo says it's simply not true. he writes on the company's blog, "jeep production will not be moved from the united states to china. jeep assembly lines will remain in operation in the united states and will constitute the backbone of the brand. it sin accurate to suggest anything different." the man who president obama pictured to the czar to save the auto industry is stephen ratner. i asked for a response. stephen, good to see you. how do you respond to this ad? i'm here...
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until just a week before the election. >> as the ad itself says, major executives support governor romney and have point out people on the obama economic council are supporting mitt romney, because he does have a plan on day one to turn this country around in terms of jobs. and with the auto economy and everything else, you need to put people back to work. on day one, he is going to get the energy economy going and allowto allow us to have keystone pipeline opened up, and then he is going to increase economic opportunity for everybody, so that's why he's having so many people, even people on the president's own e
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until...
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that's a claim that chrysler has vehemently denied. >>> on the other side of ohio, mitt romney sharpened his attack on obama focusing on the economy. >> now, i know when we're elected the economy and american jobs will still be stagnant. but i won't waste any time complaining about my predecessor. i will spend my effort trying to pass partisan legislation unrelated to economic growth. from day one i'll go to work to help americans get back to work. >> romney called yesterday's job's report, "a sad reminder the economy is at a virtual stand it still." unchanged at 7.9%. while the obama campaign touted the 171,000 jobs added with improved numbers in september and august. >>> we have crews spread out across the country following the campaigns on the last weekend before the election. president obama will make his first stop today and paul steinhauser following mitt romney in pennsylvania. let's start with dan in ohio. what is on the president's schedule sph. >> well, you can expect that the president will continue to hammer away at this mitt romney on the auto industry. you pointed out there
that's a claim that chrysler has vehemently denied. >>> on the other side of ohio, mitt romney sharpened his attack on obama focusing on the economy. >> now, i know when we're elected the economy and american jobs will still be stagnant. but i won't waste any time complaining about my predecessor. i will spend my effort trying to pass partisan legislation unrelated to economic growth. from day one i'll go to work to help americans get back to work. >> romney called...
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. >> he is swinging against the add that says in part, quote sold chrysler to the italians who are going to build deep in ki china. now them is fighting words when you are campaigning in ohio. he is challenging the facts in that add. the words are are literally correct but mid leading. in the auto bail out president obama allowed for the company fial which is owned by the italians to buy chrysler. so that part is true. but, they are now making some jeeps in china for the chinese markets. the adds make it seem as though they ar are taking american job and moving them to china. the ceo of the company has said that is not true. bottom line, it shows how much that auto bail out helps president obama with the voters in ohio and iowa. among non college white men in those states is higher than the other states anderson. >> hum, hinting. appreciate that. i spoke about that earlier. what is your biggest priority right now? >> well, getting power back up. i think we have done a good job on search and rescue. there may be elements of that. but the national guard has done a great job. getting lights
. >> he is swinging against the add that says in part, quote sold chrysler to the italians who are going to build deep in ki china. now them is fighting words when you are campaigning in ohio. he is challenging the facts in that add. the words are are literally correct but mid leading. in the auto bail out president obama allowed for the company fial which is owned by the italians to buy chrysler. so that part is true. but, they are now making some jeeps in china for the chinese markets....
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sold chrysler to italians who are going to build jeeps in china. it doesn't say but implies that some of those are the american jobs. >> here's what sort of drives me crazy about this. i look them up. i look them up on the ad and he gives it four pinocchios and he writes, quote, technically correct but misleading. i don't know. if it's technically correct doesn't it mean it's a two-pinocchio thing or something? bill says we expect ads to be a little misleading. >> let me get a brief comment from you. >> the romney ad, second radio ad started. he said he saved the auto industry. for ohio or china. that is not -- you know what romney's trying to say. there's no doubt what he's trying to say, he saved the auto industry to send jobs to china, which is not true. >>> we oom come back to op-eds written by romney. i want to ask one more thing. i get e-mails all the time. conservative commentators say that the media collectively are giving president obama too much of a pass on what happened at the consulate in benghazi. now, has that story been undercovered
sold chrysler to italians who are going to build jeeps in china. it doesn't say but implies that some of those are the american jobs. >> here's what sort of drives me crazy about this. i look them up. i look them up on the ad and he gives it four pinocchios and he writes, quote, technically correct but misleading. i don't know. if it's technically correct doesn't it mean it's a two-pinocchio thing or something? bill says we expect ads to be a little misleading. >> let me get a brief...
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it's chrysler, first of all. >> sorry. i'm sorry. >> jeep has said they're going to reopen a facility that was closed after daimlerchrysler, you know, broke apart years ago. it will be in china to produce for the chinese market, and that's all the ad says. there's nothing inaccurate about it. those jeeps are now being produced in america, and they're being exported to china in an asian market. >> the suggestion that the jobs are being exported has been denied by the auto companies. >> well, there's -- you know, that's a suggestion that you might want to make, but, you know, that's not what the ad said. i'm delight chrysler is making an investment, and fee at is making an investment in ohio. i'm supportive of that. it's great if they want to expand production here. i hope they will. the fact is that we now are proud to send to china, to estaz wra. we export about 25% of what we make here, and so if you're going to start production facilities overseas, obviously we're going to lose some of our exports here. that's all the ad
it's chrysler, first of all. >> sorry. i'm sorry. >> jeep has said they're going to reopen a facility that was closed after daimlerchrysler, you know, broke apart years ago. it will be in china to produce for the chinese market, and that's all the ad says. there's nothing inaccurate about it. those jeeps are now being produced in america, and they're being exported to china in an asian market. >> the suggestion that the jobs are being exported has been denied by the auto...
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Oct 27, 2012
10/12
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he said chrysler was thinking about moving its jeep operations to china. that was despite the fact that chrysler had come out with a statement on its website saying no, that is not the case, they are not moving its operations of jeep over to china. so it is a sign that yes, they are concerned about that position on the auto bailout and he is getting pounded relentlessly on the airwaves with obama campaign ads talking about that very stance. >> brianna, you say the obama campaign is pleased with where they are in ohio. in terms of their ground game, in terms of the number of people they have on the ground in ohio, how does it compare to romney campaign? >> compared to the romney campaign, i think they would say that they are doing better in terms of their ground game. they say this about a lot of battleground states because they've had this in place for years now, since the last election, and it never really went away. so this is something they are emphasizing now and the strategy for president obama is really to show up, to visit. he will be traveling mond
he said chrysler was thinking about moving its jeep operations to china. that was despite the fact that chrysler had come out with a statement on its website saying no, that is not the case, they are not moving its operations of jeep over to china. so it is a sign that yes, they are concerned about that position on the auto bailout and he is getting pounded relentlessly on the airwaves with obama campaign ads talking about that very stance. >> brianna, you say the obama campaign is...
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they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says. that's what the ad said. it's an outrageous lie. >> don avalon is a cnn contributor who also serves as a senior political columnist for "ne "newsweek" and the daily beast. joining from us youngstown, ohio. i know you've done a lot of reporting on this issue. is the ad inaccurate? >> reporter: the ad is inaccurate, but it really is resonating here in ohio, and not in a good way for the romney campaign. a lot of voters i've spoken to, they've heard about the ad, they've seen it and understand it's an attempt to muddy the waters and play fast and loose with the facts. that's not helping the romney campaign. voters i've spoken to say he didn't need to do this. why did he do this late in the game? we also spoke to ohio senators, rob portman and sherrod brown about the ad. and here's what they said, carol. >> i say it's the most disingenuous ad i've seen. they know better. they know the auto rescue worked. they understand that
they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says. that's what the ad said. it's an outrageous lie. >> don avalon is a cnn contributor who also serves as a senior political columnist for "ne "newsweek" and the daily beast. joining from us youngstown, ohio. i know you've done a lot of reporting on this issue. is the ad inaccurate? >> reporter: the ad...
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10/12
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central focus of the debate. we have spoken to senators on both democrat and republican sides of the aisle, senator rob portman and sherrod brown about this ad. take a listen. >> i say it is the most disingenuous ad i've ever seen. they know better. they know the auto rescue worked. they know that ohio reasons connected directly or indirectly to the auto rescue and they know that governor romney and my opponent's opposition to the auto rescue, they're trying to crowd the issue and it is pretty outrageous. >> it is their game to the extent it is reported in the media and that's all they have said, there is reports this coul
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central...
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initially opposed the auto bailout reversed itself because of the manner in which general motors and chrysler were forced by the government to cut costs and become competitive. now all these good signs in the economy come with caveats. europe continues to weaken. the fiscal cliff looms ominously. but compared with the rest of the industrialized world and with the arc of other post-bubble recoveries, the united states is ready for a robust revival. this is partly because of the dynamism of the u.s. economy but also because of the timely and intelligent actions of the fed and the obama administration. the next president will reap the rewards of work already done. so it would be the ultimate irony if having strongly criticized every measure that contributed to these positive trends mitt romney ends up presiding over what she would surely call the romney recovery. for more on this, go to cnn/fareed for a link to my "washington post" column. and let's get started. ♪ >>> let's get straight to our terrific panel to talk about the economy and obviously a little politics, as well. joe klein is "time
initially opposed the auto bailout reversed itself because of the manner in which general motors and chrysler were forced by the government to cut costs and become competitive. now all these good signs in the economy come with caveats. europe continues to weaken. the fiscal cliff looms ominously. but compared with the rest of the industrialized world and with the arc of other post-bubble recoveries, the united states is ready for a robust revival. this is partly because of the dynamism of the...
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then he said the president had allowed chrysler, which owns jeep, to move jobs to china. then not satisfied with that, since fiat owns part -- he said -- i can't make this up. he said that the president had allowed the italians to move jobs to china. >> all right. you're listening there to bill clinton. he's in indian river high school there in chesapeake, virginia, campaigning on behalf of the president who is campaigning in the swing state of ohio. of course, if you want to see any more of clinton's speech, go to cnn.com/live right now. all right. now to the latest on superstorm sandy. there are reports that at least 22 million gallons of gas are headed to the northeast to relieve in the shortages. gas rationing got under way in new jersey in 12 counties in an effort to cut down on wait times. people there had been waiting in miles along lines for hours to gas up their cars and get fuel for their generators. >>> all right. some voters in new jersey will face a pretty big election day challenge because of superstorm sandy. five days after the storm polling station manage
then he said the president had allowed chrysler, which owns jeep, to move jobs to china. then not satisfied with that, since fiat owns part -- he said -- i can't make this up. he said that the president had allowed the italians to move jobs to china. >> all right. you're listening there to bill clinton. he's in indian river high school there in chesapeake, virginia, campaigning on behalf of the president who is campaigning in the swing state of ohio. of course, if you want to see any more...
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bailout and when the president talks about he add aid new line to his speech today -- as recovered while chrysler said they weren't selling jeeps in china. those are jeeps for the chinese market. they are not taking jobs from the u.s. to do that, and so the president is accusing romney of being misleading. the romney campaign, you know, argues the facts are not misrepresentative. the crowd goes nuts when he said that today, and really went wild over it. he is getting a warm reception wherever he goes. these are clearly democratic crowds. >> on his assessment there, it's not a real representation of everybody there. thanks. we'll be getting back to you, and we'll bring this to you live as soon as the event starts. >>> earlier today mitt romney held a campaign rally in another swing state, wisconsin. romney told the crowd he is going to work for day one to get americans back to work. he blamed the president's policies for the state of the economy. he said a president has failed to deliver on the promises he made four years ago, like his promise to reach across the aisle and work with republicans. >
bailout and when the president talks about he add aid new line to his speech today -- as recovered while chrysler said they weren't selling jeeps in china. those are jeeps for the chinese market. they are not taking jobs from the u.s. to do that, and so the president is accusing romney of being misleading. the romney campaign, you know, argues the facts are not misrepresentative. the crowd goes nuts when he said that today, and really went wild over it. he is getting a warm reception wherever...
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so jeep chrysler came out, fiat, the company, they said, absolutely wrong. general motors, have you ever heard of a company which has got a deal with whoever the next president is, come out and scold the presidential candidate the way there is. everybody we talked to says mitt romney is flat out wrong on this. and, again, we're puzzled that he would do that. he's competitive in ohio. this is a dead heat. statistically a dead heat between romney and obama. very puzzling to hear how this is going over here. >> and just to add to that, the swing voters we're talking to here, there is a sense that this issue resonated. the front pages, the local newspaper here is about romney on the auto industry. >> people are mad. >> and it is registering as an unforced error. people take it very personally here, their jobs, their local economy is connected to the auto bailout and stimulus package according to the mayor here. >> yeah. and, john, listen, the president has a tough sell. it may be an easier sell for mitt romney and the reason i say that is because when everyone i
so jeep chrysler came out, fiat, the company, they said, absolutely wrong. general motors, have you ever heard of a company which has got a deal with whoever the next president is, come out and scold the presidential candidate the way there is. everybody we talked to says mitt romney is flat out wrong on this. and, again, we're puzzled that he would do that. he's competitive in ohio. this is a dead heat. statistically a dead heat between romney and obama. very puzzling to hear how this is going...
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. >> obama took gm into bankruptcy and sold chrysler to italian who is are going to build jeeps in china. >> of course it turns out it's not true. the company ceo told governor romney himself knock it off. >> reporter: the squabble over that spot has made headlines here in ohio, the obama campaign hit back on air. >> politics at its cynical worst. >> reporter: on a stump the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign, that's definitely not change. that's the oldest trick in the book. yeah. that's what governor romney's been doing these last few weeks. and i know what real change looks like because i've fought for it. right along side you. and after all we've been through together, we sure can't give up now. >> report from cnn's jessica yellin. she's with the president in lima, ohio, right now. we'll speak with her later. we have reporters all over the country right now getting ready for tuesday's election. they're in all the key battleground states. much more coming up from all of these reporters. meanwhile, the
. >> obama took gm into bankruptcy and sold chrysler to italian who is are going to build jeeps in china. >> of course it turns out it's not true. the company ceo told governor romney himself knock it off. >> reporter: the squabble over that spot has made headlines here in ohio, the obama campaign hit back on air. >> politics at its cynical worst. >> reporter: on a stump the president is casting it as part of a larger message. >> massaging the facts when...
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. (laughter) >> jon: sold chrysler to italians what, we're afraid of italians now? >> if obama wins, it will be the pope deciding what you drive. (laughter) one day they're ruining our car companies, the next day they'll be kissing our daughters with their garlicky lips. (laughter) by the way, apparently the classic italians are going to move american jeeps making jobs to china. why you say these things, mitt romney. kuz now i gotta makea the nice people of ohio say another ad saying that's [bleep]. >> after romney's false claim of jeep outsourcing to china chrysler itself has refuted romney's lie. >> jon: how out there is mitt romney, i a car company, the people who convince you you need the undercoating are coming after him for his dishonesty. (laughter) you might say well hey, why don't they just turn off the tv and leave the house and live their life. >> because you can't hide, because the candidates are [bleep] everywhere. >> it's goods nobody toldo, ohio. >> thank
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. (laughter) >> jon: sold chrysler to italians what, we're afraid of italians now? >> if obama wins, it will be the pope deciding what you drive. (laughter) one day they're ruining our car companies, the next day they'll be kissing our daughters with their garlicky lips. (laughter) by the way, apparently the classic italians are going to move american jeeps making...
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it was not just general motors and chrysler. there is a reason all the german and japanese companies that make companies were for the automobile restructuring. they knew if general motors quit buying parts, they were toast. it is another example of, we are all in this together. barack obama made the right decision. his opponent was wrong. [applause] in an unbelievable attempt to distract the voters of ohio where one in 80 jobs depend on -- one in eight jobs depends on the car business, he accused the president of allowing the jeep to move the jobs to china. [boosd] i remember how hard it was for us to get it there. i know that they are expanding the plant, hiring more people and taking on more production. [cheers and applause] first, jeep said it was not so. then chrysler said governor romney was wrong. they said, even general motors rebuked him. when i was a kid and i got my hand caught in a cookie jar, my face turned red. i took my hand out of the cookie jar, not gov. romney. he is looking for more cookies. [laughter] when gen
it was not just general motors and chrysler. there is a reason all the german and japanese companies that make companies were for the automobile restructuring. they knew if general motors quit buying parts, they were toast. it is another example of, we are all in this together. barack obama made the right decision. his opponent was wrong. [applause] in an unbelievable attempt to distract the voters of ohio where one in 80 jobs depend on -- one in eight jobs depends on the car business, he...
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chrysler plans to start making jeeps in china. what happened to the promises made to autoworkers in ohio? this same hard-working men and women who were told the auto bailout would help them. mitt romney would welcome the auto industry. mitt romney, he will stand up for the auto industry in ohio. not china. host: so that is a radio ad that we were talking about. this has been on television ads across all media markets as well. guest: what i have seen in northeast ohio, yes, there is a version of that that runs. it has drawn a strong rebuke from the owners of chrysler. again, it is taking two unrelated things and trying to argue that the president is responsible for the shipping of jobs to china. it's taking -- there are investments being made in jeep in ohio. i think it is an example of how important the although voter is. -- the auto voter is. there may be some people who peel off who get upset about that china issue. host: running ads directly challenging the mitt romney ad, here is one of those obama ads now. >> when the auto in
chrysler plans to start making jeeps in china. what happened to the promises made to autoworkers in ohio? this same hard-working men and women who were told the auto bailout would help them. mitt romney would welcome the auto industry. mitt romney, he will stand up for the auto industry in ohio. not china. host: so that is a radio ad that we were talking about. this has been on television ads across all media markets as well. guest: what i have seen in northeast ohio, yes, there is a version of...
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Nov 2, 2012
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chrysler plans to start making jeeps in china. what happened to the promises made to autoworkers in ohio? this same hard-working men and women who were told the auto bailout would help them. mitt romney would welcome the auto industry baneber. mitt romney, he will stand up for the auto industry in ohio. not china. host: so that is a radio ad that we were talking about. this has been on television ads across all media markets as well. guest: what i have seen in northeast ohio, yes, there is a version of that that runs. it has drawn a strong rebuke from the owners of chrysler. again, it is taking two unrelated things and trying to argue that the president is responsible for the shipping of jobs to china. there are investment being made in jeep in ohio. i think it is an example of how important the although voter is. -- the auto voter is. there may be some people who peel off who get upset about that china issue. host: running ads directly challenging the mitt romney ad, here is one of those obama ads now. >> when the auto industry f
chrysler plans to start making jeeps in china. what happened to the promises made to autoworkers in ohio? this same hard-working men and women who were told the auto bailout would help them. mitt romney would welcome the auto industry baneber. mitt romney, he will stand up for the auto industry in ohio. not china. host: so that is a radio ad that we were talking about. this has been on television ads across all media markets as well. guest: what i have seen in northeast ohio, yes, there is a...